Hal on Nostr: Yes, something like that, and the reason that most people have been able to vastly ...
Yes, something like that, and the reason that most people have been able to vastly outspend their means is the ~0% interest world we lived in. Now that it’s more punitive to get a loan, buying behavior has to change or if people aren’t running the numbers, they are going to erode their personal financial positions.
“Gradually, then suddenly” was Hemingway describing bankruptcy. When debt gets harder to refinance, lots of people are going to suddenly realize their position.
Published at
2023-09-19 20:16:33Event JSON
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